By Jan Strupczewski | BRUSSELS

BRUSSELS Feb 1 Britain is prone to retain far-reaching entry to the European Union’s single market after it leaves the EU and preserve paying some form of contribution to the EU price range, Polish Deputy Prime Minister Mateusz Morawiecki stated on Wednesday.

Prime Minister Theresa May stated final month that Britain would go away the EU single market of greater than 500 million folks when it quits the EU in 2019 and as a substitute search the best doable entry to it by way of a free commerce settlement.

“I think that both sides will come to an agreement on such a participation of Britain in the single market that it will not be of course full participation, but far reaching participation. For example like Switzerland,” Morawiecki advised reporters, based mostly on his conversations with British ministers and EU officers.

Switzerland’s relations with the EU are regulated by greater than 100 bilateral agreements and the nation has to observe EU regulation in areas linked to the only market.

Switzerland additionally pays a contribution to the EU price range, though lower than Norway, which is a member of the European Economic Area and its formal hyperlinks with the EU are stronger.

“We are not moving in a binary system, but in a system where the dial is on a scale. We believe that … while Britain will not be part of the single market, there will be no customs and we will try not to impose quotas on each other and in exchange Britain will participate in some way in the EU budget,” he stated.

He estimated that the departure of Britain, a internet contributor to the EU price range, would go away a gap of round 7 billion euros yearly.

Asked if Poland, a big internet beneficiary of EU price range funds, would anticipate different internet contributors to make up the distinction, in order that the circulate of funds would proceed, Morawiecki stated:

“Our initial position will certainly assume that the EU budget should not be diminished. I would also not assume that Britain will not contribute at all to the budget.”

He stated negotiations might result in lowering the hole of seven billion to, as an illustration, 3 billion euros.

“And if it is 3 billion missing a year, that is a small enough amount for both sides to reach a deal,” stated Morawiecki, who can be Poland’s finance minister. (Reporting by Jan Strupczewski; Editing by Alison Williams)

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